There are people on the comments saying you have to pay taxes on coupons. I see no evidence this is true. You do not have to pay income tax on discounts. The people saying you DO owe tax are either think of “coupons” which is sometimes another word for “bonds.” You do pay tax on bond interest. This is not the same type of coupon where you get 50% off during happy hour. Other people seem to be confusing coupons and gift cards. You are supposed to pay tax when you receive a gift card (like an Amazon gift card). We are not talking about gift cards in this video.
It depends, there are some instances where discounts can be taxed. Check the IRS Technical Advice Memorandum 200437030 - it describes a scenario where an employer giving employees coupons is considered a taxable benefit.
Getting good at cooking is best life hack. I don’t need restaurants when I can cook restaurant style food at home. Then when you do go out, it’s only for stuff you couldn’t cook yourself and it’s a great reward, you truly appreciate it.
You know the boss is going to report it and pretax your salary if he gives you that money. Hell I’d be surprised if you didn’t get taxed on the coupons.
This is the kind of video that made me put your channel at the top with the greats. This content can change a man's trajectory in life, and you put it all out there for free. Much respect for your integrity and insight like always Mikey.
As an Australian its kind of frustrating how much opportunity you guys get compared to us but your videos always give me something to look into and try if its available
You think the US has more opportunity than Australia? Dude never go there, you will get eaten alive. This is coming from someone who has lived a long time in Australia and the US. It has never taken me more than a week to find a job in Australia that would pay me something that took 4 months to get in the US.
If you eat meat, go to your local grocery store at like 8 or 9am, they usually have stuff that needs to be sold by the end of the day. I just got 3 pounds of 80/20 ground beef for 6 dollars from target. They price it to move.
Can i just say i LOVE these videos. They actually help me figure out ways of making more cash on the side, its real content and I really hope you keep this up.
Correct about the coupons because their fair market value is $.0001 (printed on the coupon). However, if it were something else, including services, those are taxed at FMV. If your boss pays you with a chauffeur service, you owe taxes on the FMV of that service (which is a real world example that hit former Treasury Secretary T. Geithner).
In denmark at least to good to go is the king of bakeries. They throw out almost their full stock every day, so normally give you huuuge amounts of bread to freeze. My only complaint is that you sometimes end up with enough cake to gain a ton of weight hahaha
Depending on your situation. I bought a car that was around 35k when I was 21 and I had a little more than that in my bank account but the loan allowed me to build credit.
@@BaileyFunk-x2u Paying interest on a car loan to build credit is an awful decision when you could accomplish the same by opening up a credit card or line of credit
if you're being paid in coupons you have to pay taxes on it if it goes over a certain threshold. Your employer cant give you tax free gifts, if the amount is substantial
do one of the fancy moves of making a virtual card for it set the limit for to the exact amount need, let it take that, then set it to 0 and watch them cancel for you.
Mad respect for the sacrifice you're willing to make and not mention a referral code/link when you could've definitely made some money from those who won't be judging you for presenting great information.
I'm as big a believer in, "Work to pay your way or go without" of anyone you will ever meet. Until we figure out a system where the job rate is 100% with no employment gaps (we won't) there will always be cracks in the system people fall into. Food banks and things like this are a vital part of the Capitalistic system. I get the shame a man feels from having to admit he can't feed himself, but life is long and funny, and most of us will be in that position at least once somewhere along the way. If it makes you feel guilty to use a food bank, go in with the mindset that you are going to get your life situated so that in a few years time, you can be the one giving back to the needy. Great video, as usual. Now, if you'll excuse me, I have to go plot my 10% OTM SPY calls that expire tuesday.
Hello Kamikaze love your personality and vids….the food delivery ‘exploit’ seems to good to be true. I know you said you saved a few thousand but did you get a log of your groceries $$ compared to the meal services or did you just estimate? I mean either way it sounds like you came out on too even without logging anything. But I’m dubious bc I can go buy like 2.5lbs of ground beef on sale for less than $10 with some potatoes and onions and instant pasta and it’s very cheap overall. I’m also not feeding a family though. And has anyone else here done this meal delivery thing before and was it actually cheaper? I got curious enough to google it and look at the signup offers but they won’t tell me what I get without creating an account so I stopped and looked at robinhood instead 😎
I live in Canada. I cancelled my phone contract, and I got a lower priced plan from the same carrier, with unlimited use in the US too, which my other plan did not have
I already get a week of dinner for $30! Don’t need hello fresh deals. Also, I had hello fresh last year and multiple times the package showed up late and the food had tuned which sucks and I ended up having to go shopping which defeats the purpose lol
@@siegfriedfurtwanglerknappe6188 not illegal… it is a gift. You are able to give gifts tax free. My actual work bonus was 6K and I paid like 3K in taxes.
This may be an obvious question, but is this a follow up to a very similar video last year? I learned about too good to go from here and I believe the meal kit part as well is very familiar? Just wondering if it's a full reupload, or a follow up with additional new information?
Furnished my entire apartment for free using Buy-nothing local groups. I can not give more support for any other grassroots FB pages out there before mentioning Buy Nothing. Some people will even offer food/shelf safe items and toilet paper if you go through and post about your situation and how you'd like to receive help. Lowkey, sugarmomma territory too. But make them Friendly-Ultra-Caring-Karens. Shout out to all FUCK's of the Buynothing groups out there.
Damn, Mikey, USA is easy-mode life. Wish we got that stuff in Russia to, but some tips a still helpfull. Churning Banks and brokers here, thanks to you!
You must live in a city with good food banks. We used to make ends meet with them but sadly more recently it seems more people are using them and some dont need it. So recently we been getting less and less and some stuff that is questionable. Personally I would say if you have FS or just simply dont need food banks to survive dont use them just to save money as there are alot of people who dont have a choice. Not to be a downer just something to think about I could be wrong and our city just has a bigger issue who knows. Love the content bro keep it up get that crack house!
This seemed like a spin-off episode of the Freeloader Challenge... or your even older series Literally Free Money. And I mean that in the best way possible.
Dude, I know the first one makes sense financially, but don't you have any shame? With that mentality, you are one step away from asking for money on the streets. Why are you paying for food at all? Just ask on the streets.
There are people on the comments saying you have to pay taxes on coupons. I see no evidence this is true. You do not have to pay income tax on discounts.
The people saying you DO owe tax are either think of “coupons” which is sometimes another word for “bonds.” You do pay tax on bond interest. This is not the same type of coupon where you get 50% off during happy hour.
Other people seem to be confusing coupons and gift cards. You are supposed to pay tax when you receive a gift card (like an Amazon gift card). We are not talking about gift cards in this video.
It depends, there are some instances where discounts can be taxed. Check the IRS Technical Advice Memorandum 200437030 - it describes a scenario where an employer giving employees coupons is considered a taxable benefit.
Link to the TAM: www.irs.gov/pub/irs-wd/0437030.pdf
"Even if you didn't open an account at Wells Fargo, you might have one anyways" BANGER
Yeah that made me literally laugh out loud
I wasn't sure what video I was going to watch. Seeing a video from Kamikaze Cash made the choice easy.
Mikey, your commitment to bizarre money tricks is inspiring 😂
I cook all my meals. No restaurants, take out, or food deliveries at all. Healthy and frugal !
Once you get used to it, it's not that bad.
Getting good at cooking is best life hack. I don’t need restaurants when I can cook restaurant style food at home. Then when you do go out, it’s only for stuff you couldn’t cook yourself and it’s a great reward, you truly appreciate it.
This is the best hack to save money we save like 500 easy and eat delicious food 🥰
That envelope of money isn't getting taxed
It’s supposed to be. But I ain’t no snitch.
Great video broo
what envelope ? 🤫
It is if the boss reports it
You know the boss is going to report it and pretax your salary if he gives you that money. Hell I’d be surprised if you didn’t get taxed on the coupons.
This is the kind of video that made me put your channel at the top with the greats. This content can change a man's trajectory in life, and you put it all out there for free. Much respect for your integrity and insight like always Mikey.
As an Australian its kind of frustrating how much opportunity you guys get compared to us but your videos always give me something to look into and try if its available
Just wait until you learn how Americans just go bankrupt if we ever need an ambulance ride. It all balances out.
Keep in mind that those dollars are worth less in America because everything costs more there.
I am sure such opportunities exist everywhere.
@DjStrobesChaos, become the Kamikaze Cash of Australia!
Greetings from Europe
You think the US has more opportunity than Australia? Dude never go there, you will get eaten alive.
This is coming from someone who has lived a long time in Australia and the US.
It has never taken me more than a week to find a job in Australia that would pay me something that took 4 months to get in the US.
Dude some of the tips are dumpster diving and going to food pantries, are you serious? I guess yall dont got that in Australia huh
Think a LOT of people on the big wireless carriers are on family plans. In Verizon with 3 other people, totally unlimited I’m paying like $42/month
I pay $30/ month on Mint with INSANE data. No reasons to stay with those plans
If you eat meat, go to your local grocery store at like 8 or 9am, they usually have stuff that needs to be sold by the end of the day. I just got 3 pounds of 80/20 ground beef for 6 dollars from target. They price it to move.
Can i just say i LOVE these videos. They actually help me figure out ways of making more cash on the side, its real content and I really hope you keep this up.
Yeah buddy, lightweight! Mickey is spitting knowledge again
Correct about the coupons because their fair market value is $.0001 (printed on the coupon). However, if it were something else, including services, those are taxed at FMV. If your boss pays you with a chauffeur service, you owe taxes on the FMV of that service (which is a real world example that hit former Treasury Secretary T. Geithner).
In denmark at least to good to go is the king of bakeries. They throw out almost their full stock every day, so normally give you huuuge amounts of bread to freeze. My only complaint is that you sometimes end up with enough cake to gain a ton of weight hahaha
The biggest mistake you can make when you're young is signing a loan for a car
Depending on your situation. I bought a car that was around 35k when I was 21 and I had a little more than that in my bank account but the loan allowed me to build credit.
@@BaileyFunk-x2u Paying interest on a car loan to build credit is an awful decision when you could accomplish the same by opening up a credit card or line of credit
if you're being paid in coupons you have to pay taxes on it if it goes over a certain threshold. Your employer cant give you tax free gifts, if the amount is substantial
This is true. My company was giving us gift cards during covid. Taxed at same rate.
Your Mileage may vary but Kroger does up to a 30 cent discount on gas depending on how much you spend on groceries.
It's up to $1.00 per gallon. If you spend $1000 in groceries per month.
Theoretically you will pay taxes on the cash AND the coupons. In reality, you won't pay taxes on either, cuz... "Where'd they go!?!"
Food pantries definitely top with the closing of dollar stores 😫
Hello fresh caught on to gaming promos, you have to cancel almost immediately after your promo order, like way before you even get the box
Order, skip the next box, and then you have time to cancel AS SOON AS the box arrives.
do one of the fancy moves of making a virtual card for it set the limit for to the exact amount need, let it take that, then set it to 0 and watch them cancel for you.
"out on the fringes" guy is literally where I live 12:15
Mad respect for the sacrifice you're willing to make and not mention a referral code/link when you could've definitely made some money from those who won't be judging you for presenting great information.
I remember the after 7 was a great deal, long distance fees would bankrupt a household.
Bro loving the new vids some actionable methods
Churning meal kits vs cooking cheap at home. Rice and beans, chicken, vegetables, ect. What saves more?
I'm as big a believer in, "Work to pay your way or go without" of anyone you will ever meet. Until we figure out a system where the job rate is 100% with no employment gaps (we won't) there will always be cracks in the system people fall into. Food banks and things like this are a vital part of the Capitalistic system. I get the shame a man feels from having to admit he can't feed himself, but life is long and funny, and most of us will be in that position at least once somewhere along the way. If it makes you feel guilty to use a food bank, go in with the mindset that you are going to get your life situated so that in a few years time, you can be the one giving back to the needy.
Great video, as usual. Now, if you'll excuse me, I have to go plot my 10% OTM SPY calls that expire tuesday.
Rice cooker! It’s generally underrated and underused by us families
Buying boomsticks is my biggest problem lol
Great information, sir. Thank you!
Waiting for that 3 hour Haupt interview
With all this extra money i can leverage my 1 day call positions even higher!
Hello Kamikaze love your personality and vids….the food delivery ‘exploit’ seems to good to be true. I know you said you saved a few thousand but did you get a log of your groceries $$ compared to the meal services or did you just estimate? I mean either way it sounds like you came out on too even without logging anything. But I’m dubious bc I can go buy like 2.5lbs of ground beef on sale for less than $10 with some potatoes and onions and instant pasta and it’s very cheap overall. I’m also not feeding a family though. And has anyone else here done this meal delivery thing before and was it actually cheaper? I got curious enough to google it and look at the signup offers but they won’t tell me what I get without creating an account so I stopped and looked at robinhood instead 😎
Bros literally feeding us this free game
I LOVE HelloFresh and EveryPlate
Can you make. How truck drivers earn another extra income?
I live in Canada. I cancelled my phone contract, and I got a lower priced plan from the same carrier, with unlimited use in the US too, which my other plan did not have
I already get a week of dinner for $30! Don’t need hello fresh deals. Also, I had hello fresh last year and multiple times the package showed up late and the food had tuned which sucks and I ended up having to go shopping which defeats the purpose lol
this was so informational! ty :)
I had to do a double take when he just casually without a shred of irony said that he had a TRAP PHONE lmaoo
Making money off your trap phone will be the subject of a future video
👀👀@@KamikazeCash
Also lentils are dirt cheap and super nutritious! 👍
I got 1500 in cash from my boss as an extra bonus. He said this is from his bonus and is under the table and not taxed
@IRS I found one!
@@siegfriedfurtwanglerknappe6188 not illegal… it is a gift. You are able to give gifts tax free. My actual work bonus was 6K and I paid like 3K in taxes.
7:12 OMG what beat is this i haven’t heard it in 15+ years
Welcome to Detroit
I’ve used pay with gas buddy but never used upside
Mikey you're a chad, man.
This may be an obvious question, but is this a follow up to a very similar video last year? I learned about too good to go from here and I believe the meal kit part as well is very familiar? Just wondering if it's a full reupload, or a follow up with additional new information?
The discort is free or not? I joined but was asked to signed to a paid discort😅
Another banger, thanks bro
This channel is great. Too bad im not from the US as many of these things exist only in larger countries.
Furnished my entire apartment for free using Buy-nothing local groups. I can not give more support for any other grassroots FB pages out there before mentioning Buy Nothing. Some people will even offer food/shelf safe items and toilet paper if you go through and post about your situation and how you'd like to receive help. Lowkey, sugarmomma territory too. But make them Friendly-Ultra-Caring-Karens.
Shout out to all FUCK's of the Buynothing groups out there.
😮 here for the hour mark🎉
Damn, Mikey, USA is easy-mode life. Wish we got that stuff in Russia to, but some tips a still helpfull. Churning Banks and brokers here, thanks to you!
Why is Oscar Isaac giving me financial advice
Those meals are worth $1.49
You must live in a city with good food banks. We used to make ends meet with them but sadly more recently it seems more people are using them and some dont need it. So recently we been getting less and less and some stuff that is questionable. Personally I would say if you have FS or just simply dont need food banks to survive dont use them just to save money as there are alot of people who dont have a choice. Not to be a downer just something to think about I could be wrong and our city just has a bigger issue who knows. Love the content bro keep it up get that crack house!
W upload
This is an awesome video
This seemed like a spin-off episode of the Freeloader Challenge... or your even older series Literally Free Money. And I mean that in the best way possible.
It’s all stuff I wanted to put in the freeloader challenge but since there’s no real “earning” I had to make a new video for it.
@@KamikazeCash do you have a contact with freecash? their support is useless and all their exclusive casino offers aren't tracking
Good video
hi
We all know people live off those discount coupons. Hell there are now tv shows about it.
would be more easy to invest more if i had a job
Try the freeloader challenge videos
COT DAMN I SHOULDA DONE THIS M,ONTHS AGO
reward work not wealth
THE GOAT 🐐 ❤
Dont give boost praise they are some of the worst companys to work with and to be a customer at
goated
tax? what envelope? dont know what you're talking about :)
easy just sell your kidney
No no no, why does my voice over guy have skin and flesh?! WTF.
Give it some time. All future voiceover channels will be AI with no skin.
what is the amazon discord server called?
NO MORE POOR
Not first haha
2nd comment
Dude, I know the first one makes sense financially, but don't you have any shame? With that mentality, you are one step away from asking for money on the streets. Why are you paying for food at all? Just ask on the streets.
I am not ashamed to use coupons and promotions to buy food, no.
Coupons and promos are just bribes and kick backs for consumers. If huge companies have no problem doing it, why shouldn't we?
@@KamikazeCash rekt also some viewers are truly homeless or in financial trouble and can use food banks to get themselves square.
There's no honor in poverty, no comfort in hunger
the wealthfront cash account is goated
Google Fi for cellular network 🙌
great video